Dow Drops 139 Points

5/1/2013 5:11PM

U.S. stocks drop as investors react to disappointing economic data and found little comfort in the Federal Reserve's decision to keep its easy-money policies in place. Paul Vigna reports on The News Hub. Photo: Associated Press.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... for a quick look of mock it's now ... we got at the thought is to just roll out its own about one percent hundred and thirty nine points to fourteen thousand seven hundred ... pound the tech heavy Nasdaq CAT down close to one percent that ... and the SB five hundred again postpone the date ... listed on the set with a weight saying things from Facebook from a week to last through bringing Steve at the start of a look of what happened noting that that was all ... for being inept at Sabina Simon how are you ... pray well I will look a mean that works it works right in the league and Wall Street ... down mostly ... actually the entire day starter all kind of flat it's really him before he fifteen and ADP report on jobs which came after not much weaker than expected ... just over a hundred thousand jobs added he wanted more like a hundred fifty ... and eighty has been made toward this is the payroll processor ADP right they have their own protection of how many jobs like ridden economies notoriously unreliable he's he's a really is and he'll come in to wonder what yesterday was another record it gets in and stocks have been on ... the cell was the ... you know how much of it was really easy because look we talk about a ... hundred fifty thousand jobs a hundred fifty thousand jobs ... total social and forced Knight huge difference ... ALM was this here an excuse to Sell take some profits ... your feet inside the data was a really good so ... the of the market is coming citing early on we are going to sell ... little unusual to get Fed meeting today ... in a statement that came out ... last week who would testify meanwhile mum will somehow be a bit manufacturing somebody he writes I'm so and I should write about was great getting to ... know and you know that just came in ... at fifty point seven which is just the front of the guys at twenty nine expansion and contraction fifties thanks to drive safely sitting still ... you've had a lot of TV lately that has been kindly cash ... in on the week the week to think either showing the economy slowing down ... the GDP report from the first quarter was weaker than expected until the appeal of thing that has been in the second quarter ... while concerns about the economy would surely the sector still some things have been there all along and venue caught fire was upcoming covers ... from stocks to a Montague Island ... right we will ... we were so before me so weak the Fed said that when you do ... them all on the front of its agreement to more unlike the last minute they really did their usual dances with the other one hand the guardian of ... the medieval Spain Greece you know ... which again is should you be ... due to be comforted by ... the thought that the Fed approved by eighty five billion dollars a month worth of work by him I have to do more ... no you shouldn't ... look at your service intent on oil is such an oil inventories price ... hike yet you know any given ... summer driving season is coming up oil prices ... the bean going down a little bizarre but to where they're going to go with this summer ... the bottom line for four people out there though is look ... you can see where we're close to a rate ... hike in gas prices and above three dollars for about as long as I can remember ... they're not going to go in and I have a common ever XAU essay titled the main gal much so you know ... that when inventory so they can work for ... Jefferies and the high for a while ... but every now though Facebook Enersis's Breaking Yusuf as were twenty nine cents ... a share earnings of a fuss one of buses expectations of thirteen cents meal ... well we did ok on the revenue one point four six billion dollars in revenue for the fourth so ... aam versus one point four four Billy and I will be at the house dominance of ... the revenue numbers pleasing people and the ... other double BBD sells them on immobile number so I'll be pretty interesting to ... gamble and users in a ... number uses active users what they're doing on the site how long this thing on the site and well I think you should be tying last time inside ... most of our on site thank you very much Paul vignette just fall weekdays at ten thirty ... on MoneyBeat here at the beest live